Speculative building definition

Speculative building means a building that meets 1 of the following criteria and the machinery, equipment, furniture, and fixtures located in the building:
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Speculative building means any building or structure where the ultimate use or occupancy cannot be determined to the satisfaction of the City at the time that a development charge becomes due and payable;
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Speculative building means the activities of a speculative builder as the term "speculative builder" is defined by rule of the department.
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Examples of Speculative building in a sentence

  • Speculative building construction was one of the inducements to the City to provide a financial incentive for economic development for this subdivision.

  • Speculative building is quite common in residential housing developments and in condominiums.


More Definitions of Speculative building

Speculative building means a new building that meets all of the following criteria and the machinery, equipment, furniture, and fixtures located in the new building: (a) The building is owned by, or approved as a speculative building by resolution of, a local governmental unit in which the building is located or the building is owned by a development organization and located in the district of the development organization.
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Speculative building means a new building that meets all of the following criteria and the machinery, equipment, furniture, and fixtures located in the new building:
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Speculative building means a building that is less than fifty percent (50%) leased at the time a land disturbance permit for vertical improvements is obtained.
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Related to Speculative building

  • Elevated Building means a non-basement building which has its lowest elevated floor raised above ground level by foundation walls, shear walls, posts, piers, pilings, or columns.

  • Qualified building means a building built at least 30 years before the date of application, located within a designated downtown or, village center, or neighborhood development area, which, upon completion of the project supported by the tax credit, will be an income-producing building not used solely as a single-family residence. Churches and other buildings owned by religious organization may be qualified buildings, but in no event shall tax credits be used for religious worship.

  • mixed-use building means a building or structure containing a residential and non- residential use other than a home occupation;

  • Residential building means a building containing one or more residential dwellings.

  • danger area means an airspace of defined dimensions within which activities dangerous to the flight of aircraft may exist at specified times;